Announced Fri, 4 Sept · 23:30 IST
NCLT-ordered meetings set for merger of RFL and NSIL into Lodha Developers
LODHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹1219.00
prior close
₹1231.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.0-0.7-0.7-0.6-4.3-4.6-8.4-12.6-9.4————
Up moveDown movePending
AI summary
Lodha Developers will hold NCLT-ordered meetings on October 9, 2026 for equity shareholders and secured creditors to vote on absorbing group firms Roselabs Finance and National Standard (India) into itself. Share swap ratio: 7 LDL shares for every 1,000 RFL shares and 92 LDL shares for every 1,000 NSIL shares. Both transferor firms are largely inactive. Appointed date is July 1, 2024. Aim is to streamline group structure and cut overheads.
Likely market impact
If approved, Lodha absorbs two dormant group firms, simplifying structure. Minor share issuance to public holders of RFL and NSIL. Final NCLT sanction still pending.